From Uranium to Barges, Hedge Funds Covet All

Source:

U.S. hedge fund groups Adit Capital and Solius Energy Fund are among hedge funds that are reported to control more than 25 percent of the world's physical uranium stockpiles, hoping to profit from revived interest in nuclear power.

Hedge funds may not be the obvious candidates to run electricity grids or barge fleets, but the race to generate ever greater returns is luring more of them to do just that.

Larger energy and commodities specialist funds are setting up so-called "special opportunities funds" to snap up infrastructure or positions in physical commodities markets.

"Wherever you look, the trend is to move into the physical side of the business," said Gary Vasey at energy and utility consultancy UtiliPoint.

Large Wall Street banks, private equity firms and now hedge funds are jostling to acquire physical assets, he said...

U.S. hedge fund groups Adit Capital and Solius Energy Fund are among hedge funds that are reported to control more than 25 percent of the world's physical uranium stockpiles, hoping to profit from revived interest in nuclear power.

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